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Nov 23, 2012
11/12
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dog dog fiscal cliff negotiations got more complicated. president obama's union supporters are stepping in. our very own rich edson joining us live from washington, d.c.. rich, what do you know? >> well, good morning. the key to the fiscal cliff negotiations, republicans say will talk increased tax revenue if democrats put entitlement reform on the table. medicare, medicaid, social security. there's a major effort by labor unions opposing that effort taking out advertising in states in missouri, pennsylvania, virginia, and elsewhere targeting members of congress to oppose any type of entitlement reform or changes. the group, in a statement says, elected officials from both parties need to listen to the will of the voters and focus on rebuilding the middle class and strengthening our economy by investing in jobs, not cuts. on the other side, conservatives say it's not a game changer because from unions, this is really nothing new. >> the fact they are publicly saying what they have been privately saying is helpful the american people unders
dog dog fiscal cliff negotiations got more complicated. president obama's union supporters are stepping in. our very own rich edson joining us live from washington, d.c.. rich, what do you know? >> well, good morning. the key to the fiscal cliff negotiations, republicans say will talk increased tax revenue if democrats put entitlement reform on the table. medicare, medicaid, social security. there's a major effort by labor unions opposing that effort taking out advertising in states in...
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Nov 29, 2012
11/12
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fiscal cliff, no fiscal cliff, that will be good for gold. investors will look for a safe haven and alternative to the u.s. dollar and they will be buying these assets. kind of a word of advise. ashley: interesting. tracy: sandy, while you were at the cme last week you said guys were saying 95 to $100 on oil. that is the consensus all around. >> keep watching that guy. we're near 90 bucks again. tracy: thank you, sandra. >> thank you. ashley: investors watching the latest developments on the fiscal cliff plus new taak that the fed, guess what, will continue its bond buying programs next year. for more on the markets, i'm joined by bob pavlick, chief market strategist at banyon partners. bob, thanks so much for being here. let's get to the fed issue here. so what is what i say. they will expand or continue the program of buying assets. what impact will this have if any? >> operation twist what they call it. sell short paper and buy long term bonds in order, in an effort to try to continue to keep long-term interest rates low. really what it is
fiscal cliff, no fiscal cliff, that will be good for gold. investors will look for a safe haven and alternative to the u.s. dollar and they will be buying these assets. kind of a word of advise. ashley: interesting. tracy: sandy, while you were at the cme last week you said guys were saying 95 to $100 on oil. that is the consensus all around. >> keep watching that guy. we're near 90 bucks again. tracy: thank you, sandra. >> thank you. ashley: investors watching the latest...
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Nov 27, 2012
11/12
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cheryl: let's get fiscal on our fiscal cliff survival kit. who else but tracy byrnes with what you need to know and what you can do right now. dennis: a look at the day's winners on the s&p. cheryl. >> nicole petallides lived at the new york stock exchange every 15 minutes. we have you covered. things on the move and looking at according they may correlate glass with the outlet day shall look better than expected. used with this barbosa tablets. they see more demanded usual steve mad and is down nokia other stocks with the companies issuing dividend dividend -- dividend early to avoid the fiscal cliff part of back to you. >> with those higher dividend tax is. consumer confidence for november at the highest level since every 2008. just-in-time for the holiday is. will it continue? and joining us now is mark, we will stoke the fiscal cliff phobia but they just bought 30% more on cyber monday than one year-ago. >> consumers have tune it out. we always go to the brink and nothing happens. but what is happening with the job market? it is improving
cheryl: let's get fiscal on our fiscal cliff survival kit. who else but tracy byrnes with what you need to know and what you can do right now. dennis: a look at the day's winners on the s&p. cheryl. >> nicole petallides lived at the new york stock exchange every 15 minutes. we have you covered. things on the move and looking at according they may correlate glass with the outlet day shall look better than expected. used with this barbosa tablets. they see more demanded usual steve mad...
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Nov 21, 2012
11/12
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fiscal cliff is like down the listelist. >> up until november i think the fiscal cliff was a concern for business and you could see in confidence numbers coming off and the pullback in capital spending. consumers are feeling good, home prices are up, the job market has gotten a little bit better and you can see consumer confidence rising to the highest level of the recovery. but after the election now front and center all the coverage really is the fiscal cliff, the warnings, what might happen. that is finally, as a result, starting to hit home. in october, for example, very few people have the fiscal cliff on the radar screen. now half of them are worried about it. i think it has moved up the list now for the first time for consumers. melissa: to ask why they are not buying more, they will stand so darn right about that fiscal cliff, i will not get an extra toy. >> how they really feel it is the equity market is not doing well in the last month. that is what brings it home for consumers. you can ask how has the economy thabeen doing the last couple of weeks they don't feel quite as
fiscal cliff is like down the listelist. >> up until november i think the fiscal cliff was a concern for business and you could see in confidence numbers coming off and the pullback in capital spending. consumers are feeling good, home prices are up, the job market has gotten a little bit better and you can see consumer confidence rising to the highest level of the recovery. but after the election now front and center all the coverage really is the fiscal cliff, the warnings, what might...
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Nov 28, 2012
11/12
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the fiscal cliff is the deal. it was the deal to stop the debt ceiling negotiations from last year that created the super-committee which didn't wind up doing anything. i'm not going through all of that terrible history again and both sides are very dug in and i don't think there is going to be a deal. that's where, i hope i'm wrong. i hope they have a deal. i also don't think the markets have been really focusing on this at all until the election. so up until three weeks ago the markets were not discounting anything in terms of the fiscal cliff. and that's why every time john boehner says something or the president says something or harry reid says something we get violent movements out of the markets. only in the last couple weeks are they finally starting to pay attention to this. tracy: okay, we don't get a deal, let's play this out. do they punt to next year and we see a bunch of retroactive taxes put in place? will we see entitlement spending cuts? how do you see this in the end? >> there are two con sit whe
the fiscal cliff is the deal. it was the deal to stop the debt ceiling negotiations from last year that created the super-committee which didn't wind up doing anything. i'm not going through all of that terrible history again and both sides are very dug in and i don't think there is going to be a deal. that's where, i hope i'm wrong. i hope they have a deal. i also don't think the markets have been really focusing on this at all until the election. so up until three weeks ago the markets were...
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Nov 26, 2012
11/12
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cheryl: time for our fiscal cliff survival kit series. we will bring you the tools you need to prepare for the changes that could be ahead. joining us now, we have the philips, spectrum managing principal. and portfolio manager. i want to start with you because you are telling your clients to reduce stocks exposure. >> yes, as we work toward the end of the year the fiscal cliff what is congress and the president going to do? taxes are going up. you look at the spending problem, you let taxes go back to people making over $250,000 per year. much of its revenue, still leaving it short of closing the deficit by close to a trillion dollars. it is all about tax rates. cheryl: it is about tax rates, but you're telling your clients stay focused, stay balanced in your portfolio, don't make any big changes but you also said in the last four months while a toady is in the market and also the gdp will shrink no matter what happens in washington with the fiscal cliff. >> i don't think we will have gdp, not part of our assessment. we see a very signif
cheryl: time for our fiscal cliff survival kit series. we will bring you the tools you need to prepare for the changes that could be ahead. joining us now, we have the philips, spectrum managing principal. and portfolio manager. i want to start with you because you are telling your clients to reduce stocks exposure. >> yes, as we work toward the end of the year the fiscal cliff what is congress and the president going to do? taxes are going up. you look at the spending problem, you let...